Archive for the ‘celebrity bankruptcies’ Category

Famous People Who Have Filed for Bankruptcy Part 3

Tuesday, August 30th, 2011

Kim Basinger 1953- The actress most notable for her role as Lynn Bracken in L.A. Confidential from which she won an Oscar for best actress in a supporting role, experienced great financial success after a string of prosperous movie roles. Due to her successful movie career, Basinger earned enough money to purchase the town of Braselton, Georgia. However, soon after she purchased the town, she dropped out of the movie Boxing Helena and was sued for breach of contract. Unable to pay the damages resulting from the lawsuit, Basinger filed for bankruptcy in 1993. As part of her bankruptcy, she [...] answer